News & Events

Lamar Advertising Company Announces Issuance of $510 Million of 5 3/8% Senior Notes due 2024

Baton Rouge, LA — January 10, 2014 — Lamar Advertising Company (Nasdaq: LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp., has closed its private placement of $510 million in aggregate principal amount of its 5 3/8% Senior Notes due 2024. The proceeds of this offering to Lamar Media, after the payment of fees and expenses, were approximately $502.3 million.

The notes have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

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This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, securities.

Lamar Advertising Company (Nasdaq: “LAMR”) will release its fourth quarter ended December 31, 2013 earnings report before the market opens Thursday, February 27, 2014. Lamar will host a conference call on Thursday, February 27, 2014 at 10:00 a.m. (central time) to discuss the Company’s results and answer questions relating to company operations.

Lamar Advertising Company Prices Private Offering of Senior Notes

Lamar Advertising Company (Nasdaq: LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp., has agreed to sell $510 million in aggregate principal amount of 5 3/8% Senior Notes due 2024 (the “Notes”) through an institutional private placement. The proceeds, after the payment of fees and expenses, to Lamar Media of this offering are expected to be approximately $502.3 million. Subject to customary closing conditions, the closing of this offering is expected on or about January 10, 2014.